MLS® A2330005 · Active
5056 50 Street
Innisfail, Alberta
$410,000
Source-listed price. Confirm sale or lease terms and availability.
Enquire about this propertyProperty photographs
Property details
- MLS®
- A2330005
- Status
- Active
- Property type
- Office
- City
- Innisfail
- Year built
- 1967
- Living area
- 2357 square feet
- Listing brokerage
- Century 21 Maximum
About this property
Rare fully-occupied investment offering in downtown Innisfail. This 2,357 SF freestanding building sits on a high-visibility corner lot at the west entrance to town on Main Street, with three-sided signage exposure. Occupied by the Alberta Government under a licence agreement generating $32,400/year (7.9% cap rate at asking), with scheduled increases to $34,800/year by 2028/29. Property tax partially exempt while government-occupied, keeping carrying costs low for ownership. Recent capital investment includes ~$100,000 in renovations and two HVAC units being replaced new ahead of listing, removing near-term capital risk for a new owner. A low-maintenance, essential-service tenant hold, priced to reflect current small-town Alberta cap rates. (id:65883)
Location
Call 780-916-8050 · Browse more properties
Listing information provided through CREA DDF®. Listing courtesy of Century 21 Maximum. Source attribution · REALTOR.ca
Details, measurements, price and availability may change and require verification. MLS® and REALTOR® are trademarks of the Canadian Real Estate Association.